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#Bitcoin
Today’s Market Analysis and Strategy for May 9th
⚡️Intraday Resistance: Around 80,600
⚡️Intraday Support: Around 79,500
Holding above 79,500 means fluctuating within the range; once broken, it will continue to decline. The 1-hour short-term trend is currently bearish, and rebounds are weak, with each attempt to reach 80,500–80,800 facing resistance and pulling back. Do not rush within the range; wait patiently for a breakout to go with the trend. Be sure to manage your positions wisely and set proper stop-losses. If it breaks above 80,600, look toward 81,800, but since weekend volume is low, expect sideways movement first.
Suggestion: Short at 81,000–80,600, target 79,700–79,000.